It is common for people to put off planning their estates. After all, it is rather a “doom” and “gloom” topic and no one wants to anticipate his or her own death.

In addition, many people may believe that only the wealthy require estate planning or that all that is involved is tax planning, which can be done “later.” They may well be wrong on both counts.

A well-structured estate plan can be invaluable. Through it you can control the distribution of your assets and possessions, as well as, most importantly, name guardians for your children or plan care for other dependents. While the estate planning process can raise some difficult emotional and personal issues, your heirs will be glad you did it, and you will know that your wishes are assured.